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AEROS CONTINUES ITS QUEST FOR HIGH ALTITUDE COOPERATION

Dateline: Los Angeles, California, February 24, 2004

The South Korean Government’s Aerospace Research Institute (KARI) has announced that phase one development of its high altitude airship program has been completed. Worldwide Aeros Corp contributed to the success of the program through its contract for engineering services as well as the design and manufacture of the airship’s 50 meter envelope.

“The completion of phase one met all of its goals, and the airship performance was better than anticipated? said Dr. Kim, a team leader in the KARI HAA program. “We are now preparing to initiate phase II, and that will allow us to attain a sustained flight at an altitude of 21 kilometers.?/span>

 The phase one program began in early 2002, with the main envelope delivered to KARI in August of that year. All integration was completed in Korea at KARI’s new hangar that was built specifically for the program. Aeros?engineers traveled to Korea during the past year to complete the contracted work.

 The 50 meter unmanned airship’s propulsion is provided through vectored electrically driven propeller units.

 Igor Pasternak, Aeros president reported; “It was a pleasure to work with the KARI team and Aeros is proud to have been a major contributor to the success of phase one. We look forward to expanding our involvement in the KARI stratospheric airship program.?/span>

About Aeros: AEROS is the world's leading lighter-than-air, FAA-certified aircraft manufacturing company.  The Company's operations involve research, development, and marketing of a wide variety of air vehicles. These include rigid aeroscrafts, commercial non-rigid airships, and advanced manned and unmanned tethered aerostatic systems. The airships are available for utilization in a variety of civil and military missions.  AEROS successfully completed the FAA Type Certification of its Aeros 40B multi-commercial use airship, and FAA applications have been filed for its Aeros ML revolutionary Transport Category Aeroscraft.  AEROS has affiliates in eight European and Asian countries, and the company's industry-leading expertise is based on more than 20 years of operations and research in lighter-than-air technologies. For more information about Aeros, please visit its web site at www.aerosml.com.

About KARI: KARI was established by the South Korean Government as a research institute exclusively for the development of aerospace technology, in accordance with the national development plan for the aerospace industry. For more information about KARI, please visit its web site at www.kari.re.kr

About Stratospheric Airship Program: The stratospheric airship offers a cost effective alternative to low earth orbit satellites. Aeros reports that the main advantages of stratospheric airships over satellites are cost and payload recoverability. The concept is to station unmanned airships at an altitude of 65 thousand feet and remotely maneuver them in a geostationary position. From that altitude, the over the horizon capabilities are enhanced to make it an effective platform for radars and electro optical surveillance. Beyond the military application their ability to carry wireless communication antennas is seen as the most lucrative civil application for the technology.

 

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